Italian food IPO: Italian Edibles IPO closed on February 7 and will be listed on NSE SME on Monday, February 12. Here’s how to check your dispensing status and what GMP advises today.
As of the last day of bidding on February 7, the IPO had received more than 154 times subscriptions, with the number of bids for 57,44,78,000 shares and the number of shares on offer being 37,20,000. The retail quota was subscribed 120.62 times, and the non-institutional investor (NII) quota was subscribed 177.37 times.
The initial public offering (IPO) of small and medium-sized enterprises was held publicly between February 2 and 7 and raised Rs 266.6 million.
Italian Edibles IPO will be listed on NSE SME on February 12, 2024.
How to Check Italian Food IPO Allocation Status
Italian Edibles IPO allocation status can be viewed on Bigshare Services’ website. Here is a step-by-step guide to checking the status of Italian Edibles IPO filing:
1) Access Bigshare Services Pvt Ltd website via URL (https://www.bigshareonline.com/ipo_Allotment.html)
2) From here you have to select one of the three available servers
3) Select the name of the IPO via the drop-down menu.This name will be filled only after the share allotment process is completed
4) You need to choose one of three modes: Application Number, Beneficiary ID or PAN ID
5) Enter the details of the mode you selected in step 3
6) Click on the search option
Your assignment status will now be visible.
Italian Food IPO GMP Today
According to market observers, unlisted shares of Italian Edibles Ltd are trading in the gray market at a premium of Rs 12 above its issue price. The gray market premium or GMP of Rs 12 means Gray Market expects the listing gain on the public issue to be 17.65%. GMPs are based on market sentiment and are constantly changing.
The “grey market premium” indicates that investors are willing to pay more than the issue price.
Italian Foods IPO Details
Italian Edibles’ IPO consists of 3.92 million new shares issued entirely. The Italian Edibles IPO price has been set at Rs 68 per share.
The minimum lot size requested is 2,000 shares. The minimum investment required for retail investors is Rs 1,36,000. The minimum investment lot size for HNI is 2 lots (4,000 shares) and the amount is Rs. 2,72,000.
First Overseas Capital Limited is the lead bookkeeping manager for the Italian Edibles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the Italian Edibles IPO is Nikunj Stock Brokers.
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